Energy Efficiency Trust for $70 million

A bill is being prepared in El Salvador to reduce energy consumption in public entities, through replacement of equipment and new infrastructure.

Tuesday, November 7, 2017

At the beginning of next year, the Salvadoran Energy Council will be presenting a bill to the National Assembly, which will represent an investment of $70 million. 

Elmundo.sv reports that "...In 2015, a feasibility study was carried out with the Inter-American Development Bank (IDB) and the Japanese International Cooperation Agency (JICA) to create this trust, which is expected to reduce energy consumption in public institutions through means of replacing equipment and infrastructure with things that are more environmentally friendly and which have less power consumption."

"... This proposal contemplates a source of financing through a concessional loan with the IDB or JICA, donations and acquisitions of other loans. The money will be administered by the Development Bank of El Salvador (Bandesal)."

If the initiative prospers, the resources would go towards purchasing air conditioning equipment, lighting devices, and street lighting, among other things.

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